Personal Savings
At Bunyorofinance Bank, we believe that everyone deserves a safe, accessible, and rewarding place to grow their money. Whether you’re saving for school, building an emergency fund, planning a wedding, or simply working toward financial independence — we offer a range of personal savings accounts tailored to your goals.
Our savings accounts are designed to encourage consistency, protect your funds, and reward your discipline with competitive interest rates and zero-risk deposits. Whether you’re a first-time saver or an experienced planner, we’re here to help you take the next step.
Why Save with Bunyorofinance Bank?
✓ Competitive interest rates
✓ No monthly account maintenance fees
✓ Flexible access to your funds
✓ Mobile & internet banking
✓ Automatic savings options
✓ 100% safe and regulated under Bank of Uganda
Your savings, your goals — our support.
Types of Personal Savings Accounts
- Everyday Savings Account
Ideal for day-to-day savers who want flexibility with added interest.
- Low minimum balance (UGX 10,000)
- Earn interest on balances above UGX 50,000
- Withdraw anytime via ATM, mobile, or branch
- Link to your checking account for easy transfers
- E-statements available monthly
- Target Savings Account
Designed to help you save toward a specific financial goal.
- Lock-in period (3–12 months)
- Fixed monthly deposits
- Higher interest rates than standard savings
- Optional standing orders from your checking account
- Penalty-free access at end of goal term
Use it for: School fees, travel, dowry, home improvements, weddings
- Junior Saver Account (for children)
Start your child’s savings journey early.
- For children under 18 years
- Opened by parent or guardian
- Minimum opening balance: UGX 5,000
- Free deposit booklet
- Interest paid quarterly
- Comes with a birthday surprise each year
- Fixed Deposit Account
Earn more by saving for a fixed term.
- Terms from 3 months to 24 months
- Interest rates up to 11% p.a.*
- Minimum deposit: UGX 500,000
- Guaranteed returns regardless of market changes
- Option to roll over or withdraw upon maturity
*Rates may vary based on term and amount
Interest Rates Snapshot
| Account Type | Interest Rate (p.a.) | Withdrawal Flexibility |
|---|---|---|
| Everyday Savings | 3% | Flexible, anytime |
| Target Savings | 4–5% | End of goal period only |
| Junior Saver | 3.5% | Guardian-approved only |
| Fixed Deposit | 6% – 11% | At maturity only |
Note: Rates are subject to change and governed by monetary policy.
Digital Savings Made Easy
With Bunyorofinance Bank, you don’t need to visit a branch to manage your savings. Our digital tools make it easy to stay consistent and track your progress:
📱 Mobile App
- View balances and interest earned
- Make deposits or transfers
- Set up standing orders to your savings account
- Set personal goals and track progress visually
💻 Internet Banking
- Open a new savings account
- Download account statements
- Redeem matured fixed deposits
- Send money to and from your savings accounts
📲 USSD Savings (*XXX#)
For feature phone users: Check balances, save daily, or transfer from your checking account.
How to Open a Savings Account
Whether you’re opening your first savings account or adding to your financial portfolio, we make it easy:
Step 1: Choose your savings product
Step 2: Bring your ID and proof of address
Step 3: Fill out a short application form
Step 4: Make your first deposit
Step 5: Receive your account details and welcome kit
You can also open an Everyday or Target Savings Account online at: www.bunyorofinancebank.com/savings
Required Documents:
- Valid National ID or Passport
- Passport photo
- Proof of residence (utility bill or LC letter)
- For minors: birth certificate and parent/guardian ID
💡 Tips to Maximize Your Savings
- Use standing orders to automate monthly savings
- Save a percentage of every paycheck — start with 10%
- Create separate accounts for short-term and long-term goals
- Avoid unnecessary withdrawals to earn more interest
- Review your progress every 3–6 months
Our customer service team can help you build a personalized savings plan based on your income, expenses, and future goals.
🎓 Financial Literacy Support
We don’t just hold your money — we help you understand it. Every savings account holder gets access to:
- Free savings tips and budgeting templates
- Monthly financial wellness emails
- Workshops and webinars on personal finance
- In-branch coaching on savings strategies
Let’s build your financial confidence together.
📍 Open Your Account at Any of Our Branches:
- Kampala: City Centre, Wandegeya, Nakawa
- Hoima: Main Branch
- Masindi: Boma Road
- Fort Portal: Cooperative Plaza
Or through mobile banking agents in rural areas and SACCO partnerships.
Need help? email savings@bunyorofinancebank.com
🎯 Why Choose Bunyorofinance Bank for Savings?
✓ Community-based and customer-first
✓ Transparent terms, no hidden fees
✓ Regulated and insured
✓ Friendly, local teams across Uganda
✓ Digital convenience, human support